Jagan's fate hangs in balance: Will SC grant him bail?

New Delhi, May 6: The fate of YSR Congress supremo Jagan Mohan Reddy is hanging in balance as Supreme Court is all set to give its verdict on bail plea of Reddy in disproportionate assets case on Monday (May 6).

Reddy is lodged in Chanchalguda Central Prison in Hyderabad since May 2012. YSR Congress chief moved the SC challenging the Andhra Pradesh High Court's January 24 order refusing to grant him bail in the case.

The SC had on April 29 issued a notice to the CBI seeking its reponse on Jagan Mohan's plea. A bench headed by Justice P Sathasivam had asked the agency to file its response and had posted the case for hearing on May 6.

Jagan Mohan, who was arrested on May 27, 2012 by the CBI. In October 2012, the apex court had dismissed Reddy's bail plea in the case.

While dismissing the bail application, the SC had said that the petitioner was open to renew his bail before the trial court "on completion of the investigation by CBI" on certain aspects. The CBI had told the court that it would be filing a final charge-sheet on Sandur Power, Bharati/Raghuram Cements, Dalmia Cements, India Cements and Kolkata-based suitcase companies allegedly sending money into Reddy's companies including Lepakshi knowledge hub project and Indu Projects.

The agency has filed several chargesheets against Jagan Mohan, an MP from Kadapa, and others. It has accused him and his late father and the then Andhra Pradesh Chief Minister YS Rajasekhara Reddy of hatching a conspiracy to defraud the government.

According to it, Jagan Mohan allegedly influenced his father in doling out certain favours to various players, who made investments of several crores of rupees into his businesses as a quid pro quo.

Several ministers, who had also served in YSR Reddy's cabinet, and officials are under CBI's scanner for allegedly issuing controversial orders, allotting land, granting mining licences and other favours to various companies promoted by Jagan Mohan.